on 03-28-2008 5:19 AM
Dear all,
While paying advance payment, i want to deduct tds. Please tell me the process.
I included tds codes at the time of payment in the vendor master.but still when i do donwpayment and click withholding tax tab am unable to deduct tds at the time of downpayment.
What might be the reason?
Please guide me.
Will award full points.
Thanks & Regards,
A.Anandarajan.
Hiii Anandrajan...
U r true we r not getting full TDS calculation while making down payment..Actually i think u r getting the tds codes which u have configured the tax types for GROSS AMOUNT...it wont work for the INHERIT BASE .
Do the following ....do settings for TDS on Payment postings..
For the payment tax codes u have to configure on the direct payment base(Gross amount base ) not on inherit base...
Select the Gross Amount radio button and dont select the Inherit base and select check box Post w/o tax.
Give percentage for each tax code like Ed.Cess and SHED and Surcharge and TDS on the basis of Gross amount like 194J -TDS - Base Amount 100% - TDS - 10% on base amount
Surcharge - Base Amount - 10% - Surcharge - 10%
Ed.Cess - Base Aount - 100% - Ed.Cess - 0.2200%
SHED - Base Amount - 100% - Second.Higher Ed.Cess - 0.1100%
This is the correct configuration which i have done in my project.. do the settings for total section codes..
Assign full points
Regards
Ramki
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Hi,
First you have defined
wht country
wht tax keys where we specify, as a practice section names under which tds is deducted
Recipient types are defined - as company or others
Business palce
Tax due dates
Section codes
WHT tax types - at the time of invoice, payment
WHT tax codes - here specify percentage of tax to be deducted on invoice, payment. These WHT tax codes play important role of deduction you might have went wrong here, check
these wht tax type and wht tax code are assigned in vendor master.
Above mentioned are basics for deducting TDS. once through this next stage arrives .
Hi there,
I'd like to know if it works on non-dp items?
If yes, then there's no error on w/tax config nor on the vendor master.Kindly check your special gl config and your gl accounts if tax is allowed.
If no, then try to check config setting below:
check w/tax countries
w/tax keys;
tax type, tax code and base amount calculation;
tax type assignmnt to co code;
activation of w/tax;
account assignment rules;
and vendor master update.
Hope it'll help. Regards
Hi
Assign the W Tax type to Company code also.
Regards
Amit
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Hi,
Have you done setting in the "Define Withholding Tax Type for Payment Posting"
Then assign withholding tax code for the type defined. give rate
Vendor master assign this code.
it will work
regs
sunoj
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